financial weather watch Archives - Page 2 of 24

How Will Treasury Secretary Janet Yellen Impact the Stock Market?

On Tuesday, President elect Joe Biden announced that former Fed Chair Janet Yellen is his pick to be Treasury Secretary. Given her successful tenure as Fed Chair from 2014 to 2018, the pick looks like a winner from the start. Let's take a look at why she is a great choice in the current environment.

The Pandemic’s Impact on the Economy and Financial Markets

On November 9, 2020, Andy and Chris spoke on a zoom call with the friends of Tuckahoe Public Library to discuss “Financial Literacy: The Pandemic's Impact on the Economy and Financial Markets.” In the talk, we cover a lot of ground including:

Is the stock market predicting a Biden victory?

Earlier this week, we said that the market may be predicting another Trump upset, but another indicator is predicting our incumbent president's loss. The “Presidential Predictor,” popularized by Sam Stovall, CFRA's chief investment strategist, tracks the S&P 500 performance from July 31 to October 31. Going back to 1944, it has found that a positive move over that period usually translates to an incumbent victory, while a negative move translates to a loss.

Is the stock market predicting another Trump victory?

Most polls have Biden well ahead of President Trump and betting markets have Trump as an underdog with just a week to go before Election Day. However, we know that in 2016, Trump was in a similar position so it wouldn't be that shocking to see another upset win for Trump. The battleground states are very tight races so anything is possible. What is the stock market telling us about who will win the White House?

Would a Biden victory mean big losses to your investment portfolio?

The Presidential election is just 26 days away and many investors are worried about the implications to their investments. While we know that polling isn't perfect, former VP Joe Biden is leading national polls and is well ahead of where Hillary Clinton was four years ago. A lot can happen in four weeks, but if Joe Biden wins the election, will his policies mean higher taxes and potential big losses to your investment portfolio?

New Market Highs and Rising Risks in the New Normal

Recall back to March when everything in the New York tri-state area closed in order to slow the spread of corona virus. Outside of New York, your timeline may have been different but the experience is likely the same. We stayed home. Kids learned remotely. The economy slumped. Jobless claims skyrocketed. Uncertainty was the only thing certain. This week, the S&P 500 hit a new highs. Wait, what?!